Baba Nihal Chand Charitable Foundation Inc
- Assets
- $852.5k
- Revenue
- $8.2k
- Investments
- $834.9k
- Employees
- 0
- Location
- Strongsville, OH
- Founding
- Data as of
- 12/2023
- EIN
- 82-3516524
Organization Overview
Baba Nihal Chand Charitable Foundation Inc is located in Strongsville, OH. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baba Nihal Chand Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Baba Nihal Chand Charitable Foundation Inc generated $8.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (40.5%) each year. All expenses for the organization totaled $38.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Baba Nihal Chand Charitable Foundation Inc has awarded 24 individual grants totaling $179,508. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS UNRESTRICTED CONTRIBUTIONS TO CHARITABLE AND RELIGIOUS ORGANIZATIONS RECOGNIZED IN THE US AS 501C3 ORGANIZATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashok K Joshi President And Chairman | 2 | $0 | |
Mamta R Joshi Deputy Chairman | 1 | $0 | |
Aman Dev Corepall Treasurersecretary | 1 | $0 | |
Dheeraj K Corepall Vice President | 1 | $0 | |
Kanu Tiwari Corepall Vice President | 1 | $0 | |
Muskan Sharma Corepall Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $128 |
| Dividends & Interest | $18,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,516 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $360 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $766 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,970 |
| Contributions, gifts, grants paid | $36,137 |
| Total expenses and disbursements | $38,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,538 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $852,476 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Baba Nihal Chand Charitable Foundation Inc has awarded $36,137 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS - LESS THAN 5000 EACH PURPOSE: UNRESTRICTED OPERATING GRANTS | $12,137 |
ST JUDES HOSPITAL PURPOSE: UNRESTRICTED OPERATING GRANT | $12,000 |
SHERINERS HOSPITAL PURPOSE: UNRESTRICTED OPERATING GRANT | $12,000 |